Yes - but this year it is $711.75 per child.
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Yes - but this year it is $711.75 per child.
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$711.75 per child, WooHoo!! But before I get to excited is that $711.75 means tested?
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Only in total with all FTBA. So long as you were financial eligible for a part or whole payment of FTBA during the year, and you did not underestimate leaving yourself with a debt that can absorb it, you will be eligible for the FTB A Sup. It is pro-rata so I cant remember if you went over into July like I did so I will just say that its 711.75 for the whole year. For Phoebe I am only going to get around $690 as she doesn't qualify for 11 days.
geeze @ $711.15 this year !! that is an extra $300 I wasn't expecting. I was just assuming it would still be around the $600 mark per child LOL.
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What happens if you overestimate your partner's income? Do you only get the supplement payment or do you get backpay as well? I missed out on the supp last year as DH did some OT and got a pay rise mid-year I wasn't aware of (only 20c an hour but it added up!!) so I ended up with a few hundred dollars of debt, this year I'm 99% sure I've overestimated DH's income but still don't know how it all works with FTA and FTB lol :/ If you have overestimated, the supp is all you get, right? Someone (who doesn't have a clue, mind you) was telling me that she overestimates every year so that come tax time, she gets 'heaps of backpay on top of the $600 per kid', I've never heard that before so I'm assuming it isn't true? Would be nice to get the supp payment this year though, I have a BB meet-up account that needs an injection
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The other lovely ladies have already confirmed I think but just to double confirm - if you have overestimated your income, you will be paid arrears for whatever you were entitled to throughout the financial year, plus the supplement payments. Once you have lodged your tax return, it will be reconciled automatically and the backpay sent to you
What happens if you overestimate your partner's income? Do you only get the supplement payment or do you get backpay as well? I missed out on the supp last year as DH did some OT and got a pay rise mid-year I wasn't aware of (only 20c an hour but it added up!!) so I ended up with a few hundred dollars of debt, this year I'm 99% sure I've overestimated DH's income but still don't know how it all works with FTA and FTB lol :/ If you have overestimated, the supp is all you get, right? Someone (who doesn't have a clue, mind you) was telling me that she overestimates every year so that come tax time, she gets 'heaps of backpay on top of the $600 per kid', I've never heard that before so I'm assuming it isn't true? Would be nice to get the supp payment this year though, I have a BB meet-up account that needs an injection
Just had a look online here as I did our tax last Wednesday (well Andrew's, I did mine on the first of July) I got a huge surprise to see all my supplements and payment in arrears (in my favour) going into my bank account tomorrow.
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I defer FTA B, just a few weeks ago received a letter saying we hadnt done our tax for previous year which was crap, I rang them and they did a few things on comp and a week later i receive a letter saying $800 going into my account!!! was very excited!!!!
Whats the $711 you are talking about is that for A or B?????
It is Part A and is per child
Part B is $350 something and is per family.
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Ahh ok cool thanks
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Does everyone get part a?? All these supplements/allowances/benefits confuse the life out of me. I just can't keep it all straight. I just wait and see what comes and pray I don't end up with a debt.
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Indeedy doodie! I lodged our returns on Saturday and I checked OLS today and they have our "Actual income" already. Looks like that new system they were trialing (and driving us barmy with) last year is up and running smoothly!
About time, IMO. In this day and age with it all being done by computers anyway, it shouldn't take "up to 21 days".
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I got 2 strange amounts in my bank account today but I actually think they are from last year as we only put our tax in in January this year.I spoke to a lady 2 days ago as i received a leter saying they hadnt received DP's tax lodgement (even though it had been sent and we'd had a letter back from the tax dept confirming they got it). She said that the system they changed too had taken a bit of a delay to transfer everything over or something like that so there was a back log.
It was odd amounts like one for $100 and something dollars and then another for about $470. I think it would be the reconcilliation of the 2008-2009 financial years FTB and FTA (as we wouldnt get full payment as DD was only born in March). Hoping I get a lettter about it soon in the mail as I dont have online services.
ETA- Feeb - looks liek the same thing that hapened with you!
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